The Retail King Wal-Mart Essay

This article is written using an enlightened self-interest approach. The author describes Wal-Mart behaving in a way that increases its own benefits, with the outcome of their actions being the most important consideration. An example of this is the author’s notion that Wal-Mart’s low prices are due to “the exploitation of its workers” (McLachlan, 2009, pg. 289), “systematic use of ‘maquiladoras’ in conditions of extreme exploitation” (McLachlan, 2009, pg. 289), and Wal-Mart’s threat to move production to China to obtain lower prices. In this article, the author implies that Wal-Mart’s actions demonstrate that they are not concerned with finding the most ethical behaviour; they are merely interested in the action(s) that most closely achieve their goal to remain the “biggest chain of direct sales to the consumer in North America”. (McLachlan, 2009, pg. 289)

Wal-Mart is by far one of the most powerful businesses in the world. It is the largest retailer and the largest private employer in the Unites States. The pressure imposed by Wal-Mart on prices, has raised concerns about its economic consequences on workers, communities, and rivals. This paper aims to enlighten some of the advantages and disadvantages of Wal-Mart’s impact on the United State’s economy. The paper begins by exploring the sources of Wal-Mart’s competitive advantage. It then analyzes some of the economic outcomes of Wal-Mart: how Wal-Mart stores affect local businesses and competitors, employees, consumers, and product selection.

Walmart is the world's largest company by revenue (approximately four hundred and eighty billion dollars) and the largest private employer in the world with two point three million employees. Walmart is also one of the world's most valuable companies by market value, and is also the largest grocery retailer in the U.S. “One Nation Under Walmart” is a case about how Walmart has taken over the retail business and the effects of their market domination. The case also shows statistics of how much percentage Walmart is of many suppliers’ sales. According to the case Walmart has a 30% market share of all household items. Twenty-eight percent of Dial’s business and twenty-four percent of Del Monte’s business go through Walmart stores. It is also worth noting that Walmart imports ten percent of all United States imports from China. The case states that Walmart is able to offer cheaper prices because they put so much pressure on their suppliers to lower their prices. The case, “One Nation Under Walmart”, explains the problems that some people have with the massive retailer. One of these problems is how Walmart has forced numerous local businesses to close their doors through their extremely competitive pricing. They are able to purchase bulk goods at such low prices and thus pass the savings onto customers. As a result of these lew costs, rivals are driven out of business which results in a loss of jobs. Jobs are vital to the success of a community and with Walmart causing job

Wal-Mart founded in 1962 by Sam Walton is now the largest American retail corporation. With thousands of chains of stores and warehouses Wal-Mart monopolized the American retail industry. In addition, Wal-Mart is the second largest retail corporation in the world employing of two million employees world-wide. As one of the most valuable corporations in the world Wal-Mart continues to improve their sales annually while offering some of the lowest prices available. Wal-Mart’s famous low price guarantee, come at a high expense of the environment, the small businesses, education, the rights and safety of the consumer, but most importantly their employees. Although Wal-Mart has plays a dominate role in American economy, this “American”

During the last 20 years, Wal-Mart has moved into many areas wiping out all the stores around causing people to loose jobs, slashing the tax base and causing many more disturbing problems to neighborhoods so people should stop supporting Wal-Mart for many of these reasons. Always low prices, does this sound familiar? Well this would be the slogan of the world’s most controlling company; Wal-Mart. Wal-Mart grew over the years into a 256 billion dollar company after making its name across the world in 1915. The major problem with Wal-Mart is that it maintains its own mini-economy. Some people believe Wal-Mart supports the American economy while most others hold that Wal-Mart’s global outsourcing will and has

Former bureau chief for the Economist, Sebastian Mallaby writes in defense of a large retailer in his essay, Progressive Wal-Mart. Really. Through his essay he explains that through the continual campaigns against the large corporation, Wal-Mart has been and still remains a benefit to working Americans seeking affordable goods. He elaborates on the crusade of Anti-Wal-Mart campaigns looking to paint the business as a detestable parasite, when all the company has done is keep costs low and earnings for its shareholders high while trying to defeat competitors, just as any company would.

The largest corporation in America with $378,799 million in revenues and employing 2,055,000 employees, Wal-Mart has become one of the greatest success stories in American history, but also one of the most controversial stories since Standard Oil (Fortune). But with all big business comes critics. Today’s critics suggest Wal-Mart unfairly uses it power of size, which is goliath, to exploit employees and impoverish nations, ruin competition, and place undue pressure on the government. However, one item most critics fail to mention is that Wal-Mart creates consumer welfare. Throughout this paper, I will analyze each criticism of Wal-Mart and sufficiently cite evidence proving the greater good that is realized with

Wal-Mart continually advertises their prices to be substantially lower than their competitors. The truth is, most Wal-Mart items do not

Wal-Mart, the largest retail companies in the world (Farfan), plays a crucial role in American economics. No matter, I am at home or on campus, even when I was traveling in other states in America, there is always a Wal-Mart market nearby my location. Due to the super big market power Wal-Mart has, and people’s negative impression of large enterprises, there is always a debate about whether Wal-Mart is good for America or not. Some people believe Wal-Mart makes the small retailers fail, and its workers have low wages and benefits; while others argue that Wal-Mart creates more jobs to the local, provides lower prices to consumers, and encourage American economic growth. Inspired by an article about whether Wal-Mart is a monopoly I read in my economics class, I am curious about the economic impact of Wal-Mart.

A collection of data and research of the effects on American business and society by Wal-Mart is truly needed. On the surface it appears that the inexpensive products are a plus to the consumer, but the tactics that the retail giant is using appears to have enduring results for the economy and the society.

Part of the reason Wal-Mart has not only stayed around but has continued to grow over the years has been its ability to adapt to change in times. This ability has helped them with their environmental

Wal-Mart’s sheer size gives it unrestrained economic power which allows it to drive down costs in the retail and manufacturing sectors and to enact its own standards with regards to its work force.

Ans:Wal-Mart,Inc runs a chain of large, discount department stores.it is the world’s largest public corporation by revenue. Walmart is the largest private employer and the largest grocery retailer in the United States. Walmart is one of the best known industries all over the world. Its concentration of a single business strategy is the basis of its success over the decades by this strategy without having to rely upon diversification to sustain its growth and competitive advantage. The leading marketing strategies of Wal-Mart are low prices, service and smile. However by adapting this strategy, it has risked itself by putting all of a company’s egg in one industry basket. While its global strategy worked elsewhere, the results were bad in Germany and Korea that Wal-Mart withdrew from those countries.

The key elements/problems that occurred within the Wal-Mart case studies consist of the following features: The companies’ lack of ability to construct a balance between the executive officials and those with a direct interest or stock in the company. These unbalances between these created issues within the business sector. “The obvious problems associated with the companies policies of poor management involve taking care of their employees, suppliers, the environment, and the economic dynamics of the community (Ferrell, O., Fraedrich, J., & Ferrell, L. (2011).” In the companies lack of management these strategic efforts did not pay off. Their approaches for success were tarnished due to the company’s unethical policies and procedures. For example, the right of the woman was a form of stiff discrimination, social activists rights were ignored as well. When accessing these methods one would have to examine the labor unions, belief’s that Wal-Mart would not comply to providing their consumers with lower prices. “This approach was an error on behalf the previous CEO Jim Weir (Ferrell, O., Fraedrich, J., & Ferrell, L. (2011)”. This plan was a wrong decision that would later become the start of the meltdown with the company. Some of the other issues surrounding these mishaps involved ensuring the product to different global regions around the world, which caused a chain reaction with the companies’ efforts of expansion. Therefore, these executive managers’ strategies for data

Wal-Mart Stores, Inc. (hence: Walmart) is a retailer that truly sums up the American capitalist spirit; having started as a single store in a small Arkansas town, the company is now a corporate empire with over 11,000 stores, trading under 71 different banners, in 27 countries (Walmart, 2014). As a result, it boasts a number of titles: it is not only the world’s largest retailer but also the world’s largest company by revenue (US$476bn in 2014) (Fortune, 2014), and the world’s largest private employer, employing 2.2 million people (Walmart, 2014). This success is largely due to its unique corporate strategy, focusing on localisation to deliver a highly tailored version of the standard “stack ‘em high, sell ‘em cheap” model to smaller communities than those targeted by traditional grocery retailers (Rosser, 2009). Operating in one of the most competitive retail environments in the world, this essay will examine the reasons behind Walmart’s success, as well as delivering an analysis as to its current market strategy. Finally, the future prospects for the organisation will be examined, and a conclusion drawn as to the key elements of the company’s strategic position.